PRESS RELEASE
April 11, 2007
ARLINGTON, VA — The only national gathering of the state credit union system’s leaders will take place August 9-11, 2007 at the NASCUS State System Summit in Fort Lauderdale, Florida.
Summit speakers will tackle pressing issues facing the credit union system today including challenges to the credit union balance sheet, member business lending, legal challenges confronting the state credit union system and compliance and regulatory issues.
NASCUS renamed its Annual Conference and Symposium to the State System Summit last year. The new focus reflects the Summit’s collaborative theme of bringing together state and federal regulators, state credit union executives, league representatives and other dual chartering supporters to address the year’s critical issues.
“The NASCUS State System Summit is a unique event that joins the regulators and the regulated as well as credit union system leaders to dialogue on timely issues and hear from system experts,” said NASCUS President and CEO Mary Martha Fortney. “NASCUS looks forward to this productive and valuable event.”
Highlights of the upcoming NASCUS 2007 State System Summit include:
“The grand Perhaps” - Gigi Hyland
National Credit Union Administration (NCUA) Board member and NASCUS liaison Gigi Hyland will discuss up-to-the minute insights on regulatory and legislative issues impacting credit union operations and service. In her 14 years in the credit union system, Hyland has served in various roles including senior vice president and general counsel for Empire Corporate Federal Credit Union in Albany, New York; executive director of the Association of Corporate Credit Unions; and as NCUA Board member since November 2005.
Challenges to the Credit Union Balance Sheet – Dr. Jim Likens
President and Dean of Western CUNA Management School Dr. Jim Likens will update attendees on current risks and challenges to the increasingly complex credit union balance sheet. He will also discuss the solutions that enable credit unions to increase profitability in today’s economy. Likens is the long-time chairman of the board of directors of First City Credit Union in Los Angeles, California. The credit union has more than $325 million in assets and 40,000 members.
Opportunities for Small Credit Unions - Cliff Rosenthal
Executive Director of the National Federation of Community Development Credit Unions (NFCDCU) Cliff Rosenthal will present attendees with opportunities that small credit unions have to serve all members. Accounting for 60 percent of the credit union system, small credit unions play an important role in the financial services industry and in local communities. Rosenthal has served as the executive director of NFCDCU since 1983 and was actively involved in the development and growth of the Community Development Financial Institutions (CDFI) Fund.
Legal Challenges Confronting the State System - Bruce Jolly
Partner at Venable, LLC and NASCUS General Counsel Bruce Jolly plans to address current conversions, mergers and litigation at the state level. Jolly represents credit unions and other financial institutions in regulatory matters and in the development of new financial products. He practices before federal agencies including the Federal Reserve Board and the NCUA.
For more information on the Summit or to register, visit www.nascus.org.
Information
Contact:
Kate Hartig, Director of Communications,
(703) 528-0669 or kate@nascus.org
The
NASCUS mission is to enhance state credit union
supervision and advocate a safe and sound state
credit union system. Founded in 1965, NASCUS
represents all 48 state and territorial credit
union supervisors and the NASCUS Credit Union
Advisory Council, which is made up of nearly
500 of the nation's more than 3,400 state-chartered
credit unions.
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